Monero (XMR) Reaches 24 Hour Trading Volume of $113.45 Million – Dakota Financial News
Here is how related cryptocurrencies have performed during the last day:
- Coalculus (COAL) traded 4.4% lower against the dollar and now trades at $0.0030 or 0.00000016 BTC.
- Bytecoin (BCN) traded down 1.6% against the dollar and now trades at $0.0001 or 0.00000000 BTC.
- Infinitus Token (INF) traded flat against the dollar and now trades at $0.15 or 0.00000374 BTC.
- Monero Classic (XMC) traded up 3.5% against the dollar and now trades at $0.30 or 0.00001509 BTC.
- Sumokoin (SUMO) traded 3.7% higher against the dollar and now trades at $0.0162 or 0.00000082 BTC.
- MoneroV (XMV) traded 1.5% higher against the dollar and now trades at $0.24 or 0.00001200 BTC.
- Aeon (AEON) traded down 12.2% against the dollar and now trades at $0.0390 or 0.00000198 BTC.
- Karbo (KRB) traded 15% lower against the dollar and now trades at $0.0477 or 0.00000242 BTC.
- BitNewChain (BTN) traded flat against the dollar and now trades at $0.0025 or 0.00000005 BTC.
- DigitalNote (XDN) traded 4.3% higher against the dollar and now trades at $0.0001 or 0.00000000 BTC.
Monero Coin Profile
XMR is a proof-of-work (PoW) coin that uses the CryptoNight hashing algorithm. It was first traded on April 18th, 2014. Monero’s total supply is 18,136,633 coins. Monero’s official website is ww.getmonero.org. Monero’s official message board is forum.getmonero.org. Monero’s official Twitter account is @monerocurrency and its Facebook page is accessible here. The Reddit community for Monero is /r/monero and the currency’s Github account can be viewed here.
According to CryptoCompare, “Ring Signature The Basics In cryptography, a ring signature is a type of digital signature that can be performed by any member of a group of users that each have keys. Therefore, a message signed with a ring signature is endorsed by someone in a particular group of people. One of the security properties of a ring signature is that it should be computationally infeasible to determine which of the group members’ keys was used to produce the signature. For instance, a ring signature could be used to provide an anonymous signature from “a high-ranking White House official”, without revealing which official signed the message. Ring signatures are right for this application because the anonymity of a ring signature cannot be revoked, and because the group for a ring signature can be improvised (requires no prior setup). Application to Monero A ring signature makes use of your account keys and a number of public keys (also known as outputs) pulled from the blockchain using a triangular distribution method. Over the course of time, past outputs could be used multiple times to form possible signer participants. In a “ring” of possible signers, all ring members are equal and valid. There is no way an outside observer can tell which of the possible signers in a signature group belongs to your account. So, ring signatures ensure that transaction outputs are untraceable. Moreover, there are no fungibility issues with Monero given that every transaction output has plausible deniability (e.g. the network can not tell which outputs are spent or unspent). To read how Monero gives you privacy by default (unlinkability), see stealth addresses. “
Monero Coin Trading
It is usually not presently possible to purchase alternative cryptocurrencies such as Monero directly using U.S. dollars. Investors seeking to acquire Monero should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as GDAX, Gemini or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Monero using one of the exchanges listed above.
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